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  • #171,141
  • Dec 11, 2009 9:17am Dec 11, 2009 9:17am
As far as Driver55's and BoredToLoose's views are concerned, this opinion that I found in a Forex article could help:

Traders can be right too soon or too late.
Or they can be right on time.
One can decide what timing is more profitable.
  • #171,142
  • Dec 11, 2009 9:18am Dec 11, 2009 9:18am
Quoting kingfisher
Euro recovery will take time. FED is not going to increase interest rate any time soon and once that news sink in, US $ will be in bearish mode.
mate fed basically follows market, market will raise bond yields then fed will raise rates.

listen to what rogers said today, what they mean by extended period is they will let market solve situation.
  • #171,143
  • Dec 11, 2009 9:18am Dec 11, 2009 9:18am
Adding another layer of longs here @ 1.4610
  • #171,144
  • Dec 11, 2009 9:19am Dec 11, 2009 9:19am
Is 14625 broken?
  • #171,145
  • Dec 11, 2009 9:19am Dec 11, 2009 9:19am
I wish good luck and I wish the Lord will help those adventurous guys who started longing since 1.4720 or above ...

As I mentioned I didn't see any serious buyers at that levels.
Discipline + Patience - Fear - Greed = Success
  • #171,146
  • Dec 11, 2009 9:20am Dec 11, 2009 9:20am
there has been rumour of eurozone break up, ireland and greece leaving, germany are not too happy with it. looks like napoleon will be in charge.
  • #171,147
  • Dec 11, 2009 9:20am Dec 11, 2009 9:20am
Quoting BoredToLoose
But I also know, that after 1.5140, 1.4600 will play, I do not know where it is the bottom of this drop to the pip, I have said here to do not long at 1.49/1.48/1.47 levels.

what it is the purpose to have longs at that levels, for long term traders if they can buy at lower levels, I do not get it.

About books, I confess I am not a good reader, but I prefer the Bible.
we tried to explain it in 100 ways, and you still stubbornly and in the same way. you explained it well FX-Petra
http://www.forexfactory.com/showpost...stcount=169461
The best thing that can happen to you is to find out where you're wrong.
  • #171,148
  • Dec 11, 2009 9:20am Dec 11, 2009 9:20am
Well, the 100 sma is pierced. 4625 is taken out. All that is left is the big fib line at 4605. Below there, I must begin a tacitical surrender. Good trades to all.
  • #171,149
  • Dec 11, 2009 9:20am Dec 11, 2009 9:20am
I re-long 4613 size "BIG"
S/L 4595
  • #171,150
  • Dec 11, 2009 9:20am Dec 11, 2009 9:20am
I know sometimes its better to wait on a trade or be on the sidelines....but I just missed this move short when I closed out at 4767 (+50 )on a Long and missed the entry to Short due to power outage in my area!

Now all I can do is watch.....keep wanting to Buy in small for a LONG.....but we could see more of a drop even though my RSI shows Bullish DIV and we are at MEDIAN LINE on PITCHFORKS.......

Waiting is no fun but losing is worse as well! I See arguement both ways on LONG or SHORT!
  • #171,151
  • Dec 11, 2009 9:24am Dec 11, 2009 9:24am
Quoting gatorinla
low people are looking for is 4632 ish... but i got eyes on 4600.. as next big stop.. with a pause a few pips just below recent low.. so longs can load up... but elevator may not go up!!! 76.37 on udx is a big number if we can punch it. just below now..
silly ass chart
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those who can, do. those who cant, talk about those who can
  • #171,152
  • Dec 11, 2009 9:29am Dec 11, 2009 9:29am
Well guys I finally gave in and closed long. Didn't want to give up all my profit from Nov. Anyway, off to get married then Jamaica! See you guys next year
  • #171,153
  • Dec 11, 2009 9:30am Dec 11, 2009 9:30am
Quoting arezab
I wish good luck and I wish the Lord will help those adventurous guys who started longing since 1.4720 or above ...

As I mentioned I didn't see any serious buyers at that levels.
Thank you. Sir. and god bless you.
Fools Rushing
  • #171,154
  • Dec 11, 2009 9:30am Dec 11, 2009 9:30am
We had a touch down on one daily line I have at 1.4606, and now longs here or not, I will not do it, but I am saying because I trust in my lines, but in HTF charts lines are very tricky.
I will not go against my weekly RSI line!!

Good luck to all.

The way I write here sometimes are not understandable, but I write like that, what can I do!

I see a lot of traders in this forum, joking with newcomers, and I don't see any hostility to those, I have my opinion about that, but I will keep it for myself.
  • #171,155
  • Dec 11, 2009 9:32am Dec 11, 2009 9:32am
Quoting Mr.C
Hello and respect everyone. My first post here.
Went long on EU from 1.4749. SL 30 pips. Targeting ~ 1.4890. Will see what happens next.
Quoting Mr.C
Trade update:
Reverse short order put at 1.4703 (in case the lower ascending TL with the 3 touches already is broken). SL 20 on this one.
Half of my short position closed at 1.4625 to pay my initial losses. Still holding short as there is a daily DIV pointing to ~ 1.4476.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #171,156
  • Dec 11, 2009 9:32am Dec 11, 2009 9:32am
Quoting BoredToLoose
We had a touch down on one daily line I have at 1.4606, and now longs here or not, I will not do it, but I am saying because I trust in my lines, but in HTF charts lines are very tricky.
I will not go against my weekly RSI line!!

Good luck to all.

The way I write here sometimes are not understandable, but I write like that, what can I do!

I see a lot of traders in this forum, joking with newcomers, and I don't see any hostility to those, I have my opinion about that, but I will keep it for myself.
it aint over
those who can, do. those who cant, talk about those who can
  • #171,157
  • Dec 11, 2009 9:33am Dec 11, 2009 9:33am
Quoting Protogenos
Well guys I finally gave in and closed long. Didn't want to give up all my profit from Nov. Anyway, off to get married then Jamaica! See you guys next year
congrats on your wedding, hope it's nice & hot for you & the Missus in Jamaica, enjoy your well earned rest & forget about the 4X till next year, it will still be here and awaiting a touch of revenge kicking no doubt.

all the very best
  • #171,158
  • Dec 11, 2009 9:35am Dec 11, 2009 9:35am
Wow! EURUSD has made a 534 pip drop 535 pip drop since its last high.....hope all the bulls aren't losing too much!

That's why I love hedging.......you never truly know which direction price will head....
In Charts We Trust!
  • #171,159
  • Dec 11, 2009 9:35am Dec 11, 2009 9:35am
Possible 170661
  • #171,160
  • Edited 9:47am Dec 11, 2009 9:36am | Edited 9:47am
levels this is a baby chart that will get to be worthless if move continues. built in october. bear in mind 4600 could be just the second level. i posted a few numbers yesterday and watched reaction with these numbers last night.. 4771 was one of them.. we did pass it.. so shoot me... anyway the chart has more then 4000 pips on it.. i will post ahead of move if needed. this chart here is actually 2 charts.. if you pay attention to blue numbers.. its a bigger tf chart. time will tell...
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those who can, do. those who cant, talk about those who can
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